Out of the EU countries, Cyprus, Malta and Romania have the highest values, over 20% (the EU average is 5.8%) of the Water Exploitation Index (WEI), 20% being the threshold from which the index shows water deficit, writes on Friday Eurostat, the statistics office of the EU. The Water Exploitation Index (WEI+) measures total freshwater consumption as a percentage of renewable freshwater resources (groundwater and surface water) at a given time and place. It quantifies how much water is abstracted and how much water returns to the environment after use. The difference between water abstraction and return is considered as water use and illustrates the pressure on renewable freshwater resources due to water demand. It is true, the regional differences and the seriousness of the water deficit during summer months are not visible in these annual national average values. Last year, one of the engines for inflation in Romania was the lack of products due to lengthy drought. In Romania, a World Bank report shows that water suppliers do not have the training and the capacity to manage droughty periods. Thus, during the drought of 2022, the Romanian Water Association and the National Authority for Regulation for Community Services for Public Utilities – ANRSC received several referrals to services suppliers in Romania with regards to the challenges they face to keep water supply. The Romanian officials say that safe drinkable water supply needs more work during droughts, but supplementary personnel hiring is not possible. Starting with 1951, Romania has passed through several prolonged droughty periods and two droughts at national level (2012 and 2022). The drought indicators for medium and long terms show that Romania has experienced longer periods of drought at least for three times between 1951 and 2022. We mention the fact that 22nd March is the World Water Day.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
